Finty
Goulburn Murray Credit Union

Goulburn Murray Credit Union Personal Loan - Unsecured

UnsecuredFixed rate

An unsecured personal loan from Goulburn Murray Credit Union, with rates from 14.95% a year.

Written byDavid Boyd
Interest rate a year, from
14.95%
Comparison rate, from
15.18%
Establishment fee
$150
Monthly fee
Not published
Borrow
Not published

Monthly repayment

$20,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 14.95%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$693
Total repayments
$24,941
Interest
$4,941

Loan details

Rates

Interest rate (a year)
14.95%
Comparison rate (a year)
15.18%
Rate type
Fixed
Security
Unsecured

Limits and fees

Loan amount
Not published
Loan term
Not published
Establishment fee
$150
Monthly fee
Not published

How it compares

Against the other unsecured personal loans we compare. Typical means the middle half of them.

Comparison rate

15.18%

From 15.18%. A typical loan starts at 10.56%.

Cost of $20,000 over 5 years

$8,666

Interest and fees at its starting rate. Typical is $5,455.

Setup fee

$150

A typical setup fee is $213.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 14.95%, so the rate you see is the rate you get.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
  • No security needed. Your car or home isn't at risk if things go wrong, though missed repayments still hurt your credit report.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A higher starting rate. Its comparison rate starts at 15.18%, above the typical 10.56%, so it's likely to cost more than most similar loans unless you're offered less.

Similar loans

Unsecured loans from other lenders that start at a similar comparison rate.